Colorado License LawIntermediateColorado Exam
In Colorado, which of the following does NOT require a real estate license?
AListing homes for sale on behalf of sellers for compensation
BNegotiating the sale of another person's property
CSelling your own property as the ownerCorrect
DManaging rental properties owned by others for compensation
Why Selling your own property as the owner Is Correct
Answer C: Selling your own property as the owner
Property owners may sell their own property without a real estate license. Exemptions from licensing include: owners selling their own property, attorneys acting in the course of their practice, and trustees acting pursuant to a court order.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
EasementA non-possessory right to use another person's land for a specific purpose.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
State-Specific Concepts
License Law
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